Member Info for skid35

Anyone looking at the business update from September and believing ENET and SL know how to plan and execute just need to look at the business updates of the last few years. Plenty of interest where ENET have spent 10s of $m developing "no brainer " product which have been repeatedly evaluated and repeatedly rejected by the market.

The focus by posters on this where the working capital impact is completely uncertain and doesnt align with ENETs balance sheet now having a few cents, rather than the Tarana orders throughout the whole of H2 which could stave of administration does show a complete lack of any business and commercial knowledge.

We are now 75% of the way through H2 where ENET should be able to forecast Tarana, if they get this 100% wrong they simply havent a clue on the timing and value of a deal where there is "potential interest".

DL and the ENET board, what a complete joke.

Lotm.

It was the same with PATT, you just have to carry on correcting blatant inaccuracies. With sliverlight the comment “with all the warrants exercised that may never be” also shows an incredible lack of understanding. And then were meant to take other analysis as the work of a detailed guru?

I see you are still spouting the 600k market cap rubbish on X.

A tier 1 deal, which is at the "potential interest" stage looks like another one where DL simply doesn't understand his customers and is not due for signing any day now.

Tarana needed for urgent bank replenishment.

No, the BOD didnt take stock, the CEO did (who hasnt got a great track in picking a winner).

Nothing has changed from this rather basic cut and paste by the broker.

A contract will have this much higher - the ASICs one seems very distant (if at all) and still awaiting Tarana, where is it ?

Mickey - honestly, whats new then that’s caught your attention ?

The only perplexing thing here is the why pay now to have your broker produce this ?

1. The important element is the disclaimer. I should put these on the bottom of every email I send !

2. Its not a research note or analysis, its a mix of statement of facts from from historic accounts etc and cut and paste from their RNSs put together by a public school intern. Absolutely nothing new here.

For the whole of 2024 the key and only real question is where is the follow on Tarana order (the orders through the whole of H2) to keep the company solvent?

The best line is solution providers are "potentially interested" rather than interested - I cant see this category on my SFDC and if it did exist the weighting would be about 1%.

Interesting to see DL now owning 3.3% of the company after all the terrible cash raises - about £40k.

Anyone know what RFK views are on PFAS, I expect he found these on some wormhole on the internet rather than grounded in fact.

Silverlight. There are so many contenders through the last year on this board but you've taken the prize.

Its the LSE posting equivalent of Father Dougal McGuire.

Silverlight.

Its very, very hard not be be completely scathing of your lack of knowledge and your replies thinking your the dogs with your "lessons".

As repeatedly, repeatedly stated to new joiners on this board the shares in issue on LSE and elsewhere is completely wrong. The RNS on the 21st states the number of shares actually in issue, in addition they still have £195k to exercise at discounted rates so probably a further 250m.

So in theory a market cap of c £1.7m.

As usual this is wrong, with unexercised warrants you cannot really work it out.

There is no average shell company, you can have a shell company with £50m in the bank.

Silverlight.

You shouldn't be invested here with your level of finance understanding. The share cap isn't 600k, the warrant isn't on the balance sheet as a cash equivalent, comparing cash to market cap irrelevant if you don't look at the rest of the balance sheet.

Luckily a low average for me so sitting in the bottom drawer for me.

I dont know enough about the traders / city "dark arts" here to understand the move from 20 to 28 to 22 to 25 in such a short space of time, especially without any news. They do seem to be promoting CNS in the US with investor events, and on a revenue multiple basis CNS might appear cheap vs US peers.

Next trading update should be interesting to see if the rate of growth continues or slightly stalls (but still grows) after a strong couple of years. Akamei deal update would be welcome.

Silverlight -

I think you need to understand the structured investment deed on when payment was made, its not on conversion.

Stephen,

Sorry forgot to add a ten bagger at 1p to double digits from you in april.

Tricky, it was a 4 bagger at 2p, a four bagger at 1p, a four bagger at 0.5p, a four bagger at .25p.

As you correctly say it could be a four bagger from here, just need the "orders throughout the whole of h2" to happen sharpish.

I dont have any knowledge of the TSP system, all I do know is that PATT was again wrong that the cash is somehow ringfenced / escrowed etc.

The problem is, where ENET is, it cannot show a cash breakeven position over a sustained period of say 6 months and its just kicking the can down the road. ENET have had about a year to show, with large cost cuts, they can generate sufficient business to over these but have failed to do so.

Havent a clue where the next Tarana "orders through the whole of H2" is, but I cant see the current contracting models working capital issues supporting an order. Anything else ENET is working 100% at risk and any supplier would want a 100% tested, operational and integrated solution before any contract is signed, the only positive here is that this is effectively 100% margin.

Mickey, the time you have been posting I expect your average is above 1p, so you are 80% down - and Enet down to looking in the sofa for a few coins.

LG has seen how DL just doesn’t back up the rhetoric with $$ since IPO, logic and probability dictates this will continue - especially with customers taking a look at ENETs finances.

Silver light,

Can you run through your investment thesis here, what you expect to happen in the short term six months ?

Hull, a deal hasn't been done with new tech, they don't trust DL as far as they can throw him after the legal issues last time refusing to honour an agreement and then completely capitulating.

You are assuming contracts are "delayed", no there simply isn't a contract until it's signed. ENET simply don't have The balance sheet to wait around.

The share price drop is due is due to a.lack of any clarity on financial visibility and viabilty, new tech and the stupid funding is a result of this not be cause.

Hull,

Since you've been posting you're still not asking yourself the very key questions.

They really have, after everything, run out of runway for further find raising with NT still to exercise.

1. So what is their current cash position and creditors exposure ?

2. What is the value and timing of any further income, and the working capital impact ? The only short term hope is that the tarana model.moves to royalty, and any other deals ENET has worked at risk and has spent the cash.

If you can't answer with any degree of probability it's just a flip of a very weighted coin.